The September jobs report was just what investors were looking for, according to Nick Colas, chief market strategist at Convergex. The economy added 156,000 jobs during the month. The unemployment rate rose to 5% from 4.9% in August. That rise was attributed to a slight increase in the labor force participation rate, a sign that more people have entered the workforce. Colas thinks the jobs report puts a December rate hike from the Federal Reserve in play. TheStreet’s Scott Gamm reports from Wall Street.
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